Samsung ups the Internet of Things ante by snapping up SmartThings

Samsung moves on the fast-growing start up

By Chris Smith 

Samsung has once again signaled its intentions to be a big player in the burgeoning Internet of Things market by agreeing on a deal to acquire one of the sector’s hottest start ups.

Following reports it had tabled a $200 million offer (about £116m, AU$213m) last month, Samsung confirmed it has bought the Washington DC-based SmartThings for an undisclosed fee.

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